Possible bearish formation EURUSD Short

FX:EURUSD60

Euro Fx/U.S. DollarFXCM

Description

⋅ Nov 20, 2019 12:09 AM

Price is contained in the flat top triangle formation.
Once it breakes the triangle, it may descend of 20 pips

Trade closed: target reached

⋅ Nov 20, 2019 12:12 PM

Triangle Chart Patterns

Comments

rdzsoto

⋅ Nov 20, 2019 1:52 AM

For me we still need confirmation of the price braking the support at 1.10680, once it breaks it this could go to the next support of 1.10444

UlisesFlCa

⋅ Nov 20, 2019 12:11 PM

@rdzsoto, fair enough.
I also saw the little divergence on the RSI that indicated a bearish sentiment.
My position was very conservative, that's why my target was at 1,10576